Stocks in Focus on November 29: Yes Bank, BPCL to IB Housing; here are the 5 Newsmakers of the Day
These stocks can have an impact on the indices when it reopens for trading purposes on Friday, November 29, 2019.
Key market barometers ended with decent gains on the expiry day of November series, which expired on Thursday, November 28, 2019. But certain stocks came in news after the market was closed for trading purposes. These stocks can have an impact on the indices when it reopens for trading purposes on Friday, November 29, 2019. Here is a list of five such stocks:
Yes Bank: The Board of Directors of Yes Bank is scheduled today to consider and approve raising of funds by issue of equity/equity-linked securities through permissible modes.
BPCL: The Department of Investment and Public Asset Management has appointed Deloitte Touche Tohmatsu Ltd as an advisor for the strategic sale of Bharat Petroleum Corporation. Besides, thousands of BPCL employees across India on Thursday protested an upcoming stake sale at state-owned refiner Bharat Petroleum Corporation Ltd (BPCL), fearing loss of jobs and benefits.
HDFC Bank: The private sector lender on Thursday appointed a six-member panel to identify the successor of Aditya Puri, the longest-serving chief of the bank, whose tenure ends on October 26, 2020. Puri will act as an advisor to the search committee. Besides, the bank also announced the elevation of Sashidhar Jagdishan and Bhavesh Zaveri as executive directors for three years.
Karvy Stock Broking (KSBL): KSBL has challenged Securities and Exchange Board of India's (SEBI's) order in the Securities and Appellate Tribunal (SAT) seeking relief to allow the firm to tender securities for settlement. SEBI has restrained the brokerage from using the clients' Power of Attorney (PoA) because of which they are unable to finish the settlement process of the shares. The matter will be heard at the tribunal has today.
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Indiabulls Housing Finance Ltd: Government's Pension Fund Global buys 31.15 lakh shares of IB Housing at Rs305.6 apiece.
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